I think that it is if 10% of the outstanding security holders in a class, not 10% of the remaining 10% this would mean that in a very small company only 1 shareholder could object. The changes to the act were made to make green mailing harder.
(a) the holders of securities in that class (if any) who have objected to the acquisition between them hold less than 10% by value of those remaining securities at the end of the objection period set out in the notice under paragraph 664C(1)(b); o
OAK Price at posting:
51.5¢ Sentiment: Sell Disclosure: Not Held
